Increased efforts by Ocado Group Plc to scale up its Solutions business will continue to drag down cash flow performance in 2018 and 2019 as it continues to invest heavily in more grocery distribution capacity.

There has been much discussion over the “crumbling infrastructure” in the US, the risk to the economy and the time and money needed to update and strengthen it. But the US is very much stuck in reverse as it pertains to its infrastructure and where it is headed. Why? There are five reasons.

The Trump administration's infrastructure proposal would significantly expand private activity bond (PAB) usage and speed the approval process. Both developments would be credit positive for infrastructure projects. However, the proposal's effects on overall infrastructure development will be small as the proposal lags the need in the US by trillions of dollars.

The increased involvement of the IMF in Africa over the last two years has alleviated short-term liquidity pressures and contributed to the design and implementation of adjustment policies to address macroeconomic imbalances. However, the long-term impact of IMF programmes on creditworthiness is less certain.

GKN Holdings' announced plan to return up to GBP2.5 billion to its shareholders over the coming three years has no immediate effect on the company's Issuer Default Rating of 'BBB-' or its Stable Outlook.

Cyprus's strong economic growth and policy continuity under its recently re-elected president should underpin the country's improving public finances. But very weak asset quality in the banking sector remains a risk to the recovery.

The upgrade reflects Jefferies' franchise expansion in investment banking as evidenced by market share and earnings growth, together with improved performance stability and lower risk in its fixed income sales and trading business, and continued execution against operating and risk appetite parameters.

The infrastructure proposal released by the Trump administration relies primarily on funding from state and local governments. We believe that providing funding from tax revenues could be challenging for some state and local governments as many have already raised revenues in recent years to fund infrastructure investments and general revenue growth has been slow.

Grace Wu, Head of China Banks, Fitch Ratings, speaks with Bloomberg Radio's Yvonne Man and Doug Krizner on the growth of credit in China, the outlook for wealth management products, contagion risks and whether further regulatory crackdowns may be ahead. Related: Chinese WMPs Grow Further but Contagion Risk Moderating

Mexican macroeconomic and fiscal data from 4Q17 were in line with Fitch's expectations for a continuation of moderate growth and improvements in fiscal and external accounts. Growth reaccelerated after falling below 2.0% in 3Q17, helped by higher oil prices, strong manufacturing exports and recovery from earthquakes.

Romania's expansionary fiscal policy looks set to continue following last month's change of prime minister and this will increase macro-economic imbalances. A sizeable structural budget deficit leaves the public finances more vulnerable to shocks.